Cushman & Wakefield is seeking offers in excess of €1.25m for one of Galway city’s most well recognised buildings.
Situated prominently fronting onto Victoria Place and Merchants Road, Victoria House benefits from a high-profile position and is approximately 20 metres removed from Eyre Square's busiest pedestrian junctions. The property, which is a protected structure, comprises a three-storey office building extending to approximately 315.9 sq metres (3,400sq ft ). The property has been in the private ownership of the Rooney family since the 1970s and has been home to Rooney Auctioneers to date which is re-locating to Ross House, Victoria Place.
Internally the property boasts many architectural features which shall complement various types of fitout. The ground floor comprises reception, two offices, toilets, and two file rooms. The first and second floors comprise 10 offices, kitchenette, and toilets. The entire building internally features three to four metre high ceilings throughout adding to the property’s grandeur.
The area is well served by ample public transport including the train and bus station situated only a few yards from the property. Joint selling agents Cushman & Wakefield and Rooney Auctioneers are seeking best bids, no later than 12noon on Friday July 12 2019. The quoting price is €1,250,000 which equates to a capital value of €368 per sq ft with significant income potential.
The selling agents are expecting to attract a high level of interest from private investors due to the property’s “iconic recognition, income potential and attractive lot size”.